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Hudson Multidimensional Development Opportunity

357 Columbia Street Hudson, NY 12534

357 Columbia Street, Hudson, NY, 12534
$575,000
For Sale
Claim this Listing
$575,000

Versatile commercial space in Hudson, NY, ideal for various uses.

Property Size4,400 SF
Price / SF$130.68
AddedApr 7
Days on Market101
Last RefreshJul 15 at 7:50 pm

Property Features for 357 Columbia Street

General Information

Standard status
Active
Size
4,400 SF
Property subtype
Commercial

Building Details

Year Built
1980

Listing office HOULIHAN LAWRENCE INC.

Listing date Apr 7, 2026

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of HOULIHAN LAWRENCE INC.


Investment Insights

Based on property information with market context.

Columbia Warehouse presents a multidimensional development opportunity in Hudson, NY, situated one block from Warren Street. This 4,400 square feet commercial space comprises three interconnected structures: a brick building fronting Columbia Street and two warehouse buildings extending to Prison Alley. The warehouse spaces feature wood frame truss construction, creating open expanses. The property is suitable for office, coworking, workshop, manufacturing, warehouse, storage, logistics, distribution, retail, and mixed-use development. The brick structure offers potential for a restored facade, drawing inspiration from the neighboring Cannonball Factory. Preparatory work has been completed, including an asbestos survey by a NYS-certified inspector, which found no asbestos in the roofing or brick. Selective demolition was performed to remove compromised elements, salvaged brick was preserved on-site for reuse, and stabilization measures were installed throughout the front brick structure. A new 400-amp electrical service was installed, including metered mains and disconnect provisions sized for future tenant buildout. Located in an Opportunity Zone, the property offers tax incentives, including capital gains tax breaks. With soaring ceilings, industrial bones, and a flexible layout, this property is positioned to play a key role in Hudson's next chapter.

Key Highlights

  • Prime location just one block from Warren Street in Hudson, NY.
  • Versatile 4,400 sq ft commercial space ideal for office, retail, or warehouse.
  • Located in an Opportunity Zone, offering valuable tax incentives.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $73.9k $16.80
− Vacancy −$7.8k −$1.76
EGI $66.2k $15.04
− OpEx −$19.8k −$4.51
NOI $46.3k $10.53
4,400 SF · lease $16.80/SF/yr · vacancy 10.50% · expense 30.00%

Alternative Uses

Best Use
Warehouse
$1.05M
$919.9K – $1.23M (±1% cap)
NOI $73,589 @ 7.0% cap · market cap 12.80%
Second Best
Industrial
$865.8K
$757.5K – $1.01M (±1% cap)
NOI $60,603 @ 7.0% cap · market cap 10.54%
Theoretical Best
Office A
$1.09M
$952.5K – $1.27M (±1% cap)
NOI $76,201 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Coworking space

Suggested Use

HVAC Service (Bike/Boat/Book/etc) Store Garden Center Auto Parts Store Carpet & Flooring Store Catering Service Home Appliance Store Butcher Pet Grooming Service (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Versatile commercial space in Hudson, NY, ideal for various uses.
Where is this mixed-use property located?
The property is located at 357 Columbia Street Hudson, NY.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime location just one block from Warren Street in Hudson, NY.; Versatile 4,400 sq ft commercial space ideal for office, retail, or warehouse.; Located in an Opportunity Zone, offering valuable tax incentives.
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